Social Security Act 1985

Part I U.K. Occupational Pensions

1 Short service benefit for members of schemes whose employment is terminated before age of 26. E+W+S

Paragraph 6(1)(a) of Schedule 16 to the M1 Social Security Act 1973 (the effect of which is that an occupational pension scheme need not provide benefit for a member whose service in relevant employment is terminated before he has attained the age of 26) shall cease to have effect.

Modifications etc. (not altering text)

C1 The text of ss. 1, 6, 8(2)(3), 14, 21, 23–25, Sch. 1, Sch. 2 and Sch. 6 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.

Marginal Citations

M1 1973 c. 38.

2 Transfer and revaluation. E+W+S

The M2 Social Security Pensions Act 1975 shall be amended in accordance with Schedule 1 to this Act—

(a) to introduce a premium payable in certain cases where an earner ceases to be in employment to which an occupational pension scheme applies and there is a transfer of his accrued rights;

(b) to provide for the extinguishment of the liability of schemes to provide benefits which are secured by policies of insurance or annuity contracts;

(c) to make further provision as to the revaluation of benefits under schemes; and

(d) to ensure that schemes provide transfer values for their members.

Marginal Citations

M2 1975 c. 60.

3 Information about schemes. E+W+S

The Social Security Pensions Act 1975 shall be amended in accordance with Schedule 2 to this Act in relation to information about occupational pension schemes.

4 Earnings factors and guaranteed minimum pensions. E+W+S

The Social Security Pensions Act 1975 and the M3 Social Security (Miscellaneous Provisions) Act 1977 shall be amended in accordance with Schedule 3 to this Act in relation to earnings factors and guaranteed minimum pensions.

Marginal Citations

M3 1977 c. 5.

5 Managers of schemes. E+W+S

(1) The Secretary of State may by regulations provide who is to be treated as a manager of an occupational pension scheme for any of the purposes—

(a) of [F1 the Social Security Acts 1975 to 1991]; or

(b) of the M4 Social Security Act 1973 [F2 or]

[F2 (c) of Part VI of the Social Security Pensions Act 1975]

(2) [F3 Section 61B of the Social Security Pensions Act 1975]shall apply to the power to make regulations under subsection (1) above as it applies to powers to make regulations under that Act.

(3) Regulations made under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4) In this section “occupational pension scheme” has the meaning assigned to it by section 66 of the Social Security Pensions Act 1975.

Textual Amendments

F1 Words substituted by Statutory Sick Pay Act (c. 3), s. 3(1)(d)

F2 S. 5(1)(c) and word “or” added by Social Security (Consequential Provisions) Act 1992 (c. 6), Sch. 2, para. 67(1)

F3 Words substituted by Social Security (Consequential Provisions) Act 1992 (c. 6), Sch. 2, para. 67(2)

Marginal Citations

M4 1973 c. 38.

6 Miscellaneous amendments relating to protection of pensions. E+W+S

(1) In subsection (1) of section 41A of the Social Security Pensions Act 1975 (protection of earners’ pensions), the following words shall be substituted for the words from “than” to the end—

“(i) in a case where by virtue of paragraph 9(2)(b) of Schedule 16 to the Social Security Act 1973 a pension is provided by way of complete substitute for short service benefit, than the weekly rate of that pension; and

(ii) in any other case, than the relevant aggregate.”.

(2) The following subsection shall be inserted after subsection (1B) of that section—

“(1C) In subsection (1) above “the relevant aggregate” means the aggregate of the following—

(a) the relevant sum;

(b) the excess mentioned in subsection (1)(c) above; and

(c) any amount which is an appropriate addition at the time in question.”.

(3) In subsection (1) of section 41B of that Act (protection of widows’ pensions), the following words shall be substituted for the words from “than” to the end—

“(i) in a case where by virtue of paragraph 9(2)(b) of Schedule 16 to the Social Security Act 1973 a pension is provided by way of complete substitute for a widow’s pension, than the weekly rate of the pension so provided; and

(ii) in any other case, than the relevant aggregate.”.

(4) The following subsection shall be inserted after that subsection—

“(1A) In subsection (1) above “the relevant aggregate” means the aggregate of the following—

(a) the relevant sum;

(b) the excess mentioned in subsection (1)(c) above; and

(c) any amount which is an appropriate addition at the time in question.”.

(5) In subsection (3) of that section, for the words “assumption specified in subsection (4) below” there shall be substituted the words “prescribed assumptions”.

(6) Regulations under that subsection may be framed so as to have effect as from 1st January 1985.

Modifications etc. (not altering text)

C2 The text of ss. 1, 6, 8(2)(3), 14, 21, 23–25, Sch. 1, Sch. 2 and Sch. 6 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.